Charitable trust and business activity

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 March 2012 A CHARITABLE TRUST IS REGISTERED U/S 12A.
ITS PBJECTS PROVIDE FOR GENERATING EMPLOYMENT.
CAN IT START A BUSINESS ACTIVITY OF MANUFACTURING EATABLES WHICH IS RUN BY PHYSICALLY DISABLED PERSONS?

Nilang

Nilang (Expert)
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29 March 2012 A trust can start business activity provided-(i) the business activity is incidental to attainment of objective,(ii) separate books of accounts maintained for business and (iii) total receipts from business should not exceed Rs.25,00,000.

Thanking you

CA.Nilang A Dalal
09374821453

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